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<p>[QUOTE=&quot;kirispupis, post: 8232996, member: 118780&quot;]I&#039;m sure there&#039;s a logical answer for how I was outbid on a coin this morning at Leu, but right now I&#039;m confused.</p><p><br /></p><p>Since I knew I would be traveling at the time of the auction, I bid on the coin before I left. At the time I bid, the highest bid was 380 CHF. I then bid 700 CHF, which put the maximum at 550. A few days later, while on vacation, I decided to up my bid to 550 CHF. Of course, this didn&#039;t increase the maximum bid, but their site continued to show that I was winning the coin at 550.</p><p><br /></p><p>This morning, after finally arriving home, I found that I&#039;d lost it with a winning bid of 755. Here&#039;s the bidding history:</p><p><br /></p><p>Bidder 4 755 CHF 27-Feb-22 10:59:01</p><p>kirispupis 750 CHF 18-Feb-22 01:04:43</p><p>Bidder 4 605 CHF 27-Feb-22 10:58:48</p><p>Bidder 2 500 CHF 09-Feb-22 03:00:08</p><p>Bidder 3 380 CHF 15-Feb-22 03:47:59</p><p>Bidder 3 340 CHF 15-Feb-22 03:47:51</p><p>Bidder 3 300 CHF 15-Feb-22 03:47:32</p><p>Bidder 3 200 CHF 15-Feb-22 03:47:29</p><p>Bidder 3 150 CHF 15-Feb-22 03:47:26</p><p>Bidder 3 100 CHF 14-Feb-22 17:41:54</p><p>Bidder 1 50 CHF 03-Feb-22 14:36:55</p><p><br /></p><p>I&#039;m confused. How can the winning bidder just bid 5 over? Wouldn&#039;t they have to go up to 800 per bid increments? It&#039;s also weird that my earlier bid at 700 isn&#039;t there, but it clearly shows my bid for 750 came far before the winning bid.</p><p><br /></p><p>Per Leu&#039;s terms:</p><p><br /></p><p><i>The minimum bid increments for the bidding process are: </i></p><p><i><br /></i></p><p><i>0 – 99 → 5</i></p><p><i>100 – 199 → 10</i></p><p><i>200 – 499 → 20</i></p><p><i>500 – 999 → 50</i></p><p><i>1,000 – 1,999 → 100</i></p><p><i>2,000 – 4,999 → 200</i></p><p><i>5,000 – 9,999 → 500</i></p><p><i>10,000 – 19,999 → 1,000</i></p><p><i>20,000 – 49,999 → 2,000</i></p><p><i>50,000 – 99,999 → 5,000</i></p><p><i>100,000 – 199,999 → 10,000</i></p><p><i><br /></i></p><p><i>In rare cases, bidders may be outbidded by a lower amount than quoted in the minimum bid increments. This occurs if the maximum bid of the highest bidder is higher than the newly entered lower bid by a lower amount than the minimum bid increment.</i></p><p><br /></p><p>So, from what I gather, if two bids are placed at the same time - say one for 750 and one for 755, this can happen. However, my bid was placed much earlier.</p><p><br /></p><p>For future bidding I&#039;d just like to understand what happened. I&#039;m not completely heartbroken over losing the coin, as given the condition 750 was a high bid. I bid a bit aggressively, though, since I&#039;ve now lost this type three times at auction.[/QUOTE]</p><p><br /></p>

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